Giorgio Armani SpA, the Italian fashion company whose clothes are worn by celebrities including Gemma Arterton and Ricky Martin, said profit fell 28 percent last year because of the recession in North America and Japan.

A day after announcing his support for same-sex marriage, U.S. President Barack Obama shifted his campaign’s focus back to the economy in three West Coast fundraisers that included a dinner with actor George Clooney.

President Barack Obama, whose re- election campaign is counting on support from women and young voters, told Barnard College graduates that they must help rekindle the “can-do” spirit of the U.S. and be active shapers of the nation’s future.